WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month. Thursday’s report from the Labor Department showed that the producer price index — which measures inflation before it reaches…
COPENHAGEN, Denmark (AP) — Ukrainian President Volodymyr Zelenskyy called on Western nations Thursday to provide more money to help Ukraine’s military keep fighting nearly 5½ months after Russia invaded its neighbor. “The sooner we stop Russia, the sooner we can feel safe,” Zelenskyy said while addressing defense leaders at a Denmark conference aimed at strengthening…
(Reuters) – U.S. stock index futures crawled higher on Thursday, adding to strong gains from the previous session on first signs of cooling inflation, with investors looking for more evidence from data on producer prices and the labor market. Following a softer-than-expected rise in consumer prices on Wednesday, investors slashed their bets of another super-sized…
(Reuters) – Canada Goose Holdings Inc on Thursday beat Wall Street estimates for quarterly revenue, as affluent consumers undeterred by decades-high inflation boosted sales of its luxury parkas and jackets. The company’s revenue rose to C$69.9 million ($54.75 million) in the first quarter ended July 3, from C$56.3 million, a year earlier. Analysts had expected…
LONDON (Reuters) -Weakening the independence of regulators would undermine reforms to bolster Britain’s finance industry, the head of the Bank of England said on Thursday, in a rebuff to proposals from the leading candidate to be the country’s next prime minister. The Conservative government proposed a welter of reforms last month in a bill to…
BERLIN (AP) — German Chancellor Olaf Scholz pledged his government won’t leave citizens freezing or unable to pay their energy bills but acknowledged Thursday that his country faces considerable challenges in the coming months. Rising fuel costs sparked by Russia’s war against Ukraine have put severe financial strain on many in Germany and beyond, raising…
KYIV, Ukraine (AP) — The European Union’s full ban on Russian coal imports kicked in on Thursday at a time when British defense intelligence said that Western sanctions were increasingly having an impact, even on Russia’s defense exports. Britain said that Moscow was already strained by the need to produce armored fighting vehicles for its…
PARIS (AP) — Firefighters from across Europe struggled Thursday to contain a huge wildfire in France that has swept through a large swath of pine forest, while Germans and Poles faced a mass fish die-off in a river flowing between their countries. Europe is suffering under a severe heat wave and drought that has produced…
By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an expanding niche market. The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99, and the 5G-enabled top-line Galaxy Z Fold4…
By Laura Sanicola (Reuters) – The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s largest consumer of the fuel. The national average price for regular unleaded gas fell to $3.990 a gallon on Aug. 11, according…
